Somewhere to laugh and learn about life with three children under two years and beyond.. Now four under four! Yes my hands are very full, but nowhere near as full as my heart.
Monday, 28 December 2015
Knowing Your Worth
Just for fun, this morning I decided to work out how much I am worth as a stay at home mum in terms of money.
I know many mums sadly can't afford to stay home and must go work, I understand that would be so hard - you're all rockstars!!
I also know that it's difficult to feel like you aren't contributing to the financial struggles of the family if you stay home.
So with that in mind, I decided to add up an average of how much my services would cost if they were performed by someone else, to give me a sense of my financial contribution so to speak.
This is only the things I do during 'work' hours..
If I'm being very conservative, I would say I do one hour of housework a day during work hours. At $25 an hour for 5 days - that's $125
Childcare on average for children 0-3yrs, 5 days a week comes out at $500 each. For for the 'average' family of two, you're providing $1000 of care each week!
So, based on only doing minimal housework, the 'average' stay at home mum of two is earning a whopping $58,500 a year! That's higher than the average single full time salary right there without even looking into all the other things we do!
For me, knowing my salary worth gives me a massive sense of self worth and I feel as though I too am financially valuable to the family even if it isn't coming in to my bank account each week.
Basically, what I want to reinforce is that whether you are a working mum or a stay at home mum, your time is so valuable and you are making a huge contribution to your family financially.
Go you good thing!!
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